In bull markets, you gotta go for it. 

Tops fail, continuation patterns resolve higher, and a growing list of stocks complete reversals. This is what bull markets are made of.

It’s also what’s happening now. 

So, I’m looking to add exposure to the best setups.

Over the years, I’ve developed a system for this. It’s more of a portfolio sleeve than anything.

I call them kickers. I think of these trades like the cherry on top of a perfect carvel sundae. You don’t need it, but it makes it that much sweeter.

Let’s talk about what I’m talking about…

Robinhood completed a textbook trend reversal earlier this year. It hit a target or two, and then it started ranging.

From the Desk of Steve Strazza @Sstrazza

When investing in the stock market, we always want to approach it as "a market of stocks."

Regardless of the environment, there are always stocks showing leadership and trending higher.

We may have to look harder to identify them depending on current market conditions. But there are always stocks that are going up.

The same can be said for weak stocks. Regardless of the environment, there are always stocks that are going down, too. 

We already have multiple scans focusing on stocks making all-time highs, such as Hall of Famers, Minor Leaguers, and the 2 to 100 Club.

We filter these universes for stocks that are exhibiting the best momentum and relative strength characteristics. 

JC has been giving a special mastermind class on Technical Analysis, and last week he invited me on to discuss momentum thrusts and crossovers. You can watch it here.

We dove into a variety of topics, covering initiation vs exhaustion, thrust clusters, and even a conversation on the difference between MACD and PPO.

One of the points I hoped to drive home in this presentation was around how to know when a momentum thrust is significant. 

For me, momentum thrusts and breadth thrusts are exactly the same in this way. When they are notable, they are hard to miss. They come in spurts and clusters.

What do I mean by this?

Let’s use China as an example because I think we are witnessing a historic initiation phase right now.

A few weeks ago, Chinese stocks had their second-best day in history. 

From the Desk of Steve Strazza @Sstrazza

The market keeps squeezing short sellers out of their biotech positions and rewarding bulls with big breakouts. 

Knowing this, our strategy is simple. We want to keep buying the best-looking and most heavily-shorted biotech stocks.

Today, we're covering one that has rallied nearly 200% since late last year. Despite this extreme upside momentum, the stock still has a massive short interest.

With the stock resolving a multi-year accumulation pattern, we think this short squeeze has plenty of room to run. To get back to the all-time highs from just a few years ago, it would require about a 10x.

We're looking for something much smaller and quicker for now, but you never know!

Let's talk about how we're trading our latest Freshly Squeezed setup.

From the desk of Steve Strazza @Sstrazza

Our Hall of Famers list is composed of the 150 largest US-based stocks.

These stocks range from the mega-cap growth behemoths like Apple and Microsoft – with market caps in excess of $2T – to some of the new-age large-cap disruptors such as Moderna, Square, and Snap.

It has all the big names and more.

It doesn’t include ADRs or any stock not domiciled in the US. But don’t worry; we developed a separate universe for that. Click here to check it out.

The Hall of Famers is simple.

We take our list of 150 names and then apply our technical filters so the strongest stocks with the most momentum rise to the top.

Let’s dive right in and check out what these big boys are up to.

Here’s this week’s list:

People tell me crazy shit on a regular basis.

As a market participant, I had to get used to this. 

My golf buddies have been promising me the end of the world for years now. Some of them even have special food for it.

My Florida man neighbor is absolutely convinced that Jerome Powell heads a top-secret underground society of the world’s wealthiest individuals.

This is the kind of crazy that pollutes my eardrums almost every day. I’m numb to it. I’m barely listening at this point.

But there is one word that really moves me. It always catches my attention. 

Uninvestable.

When they tell me something is uninvestable, I really perk up. It’s music to my ears.

I remember when crypto was uninvestable in the winter of 2022. Solana was in the single digits. It’s up like 1,300% since.

Who remembers the uninvestable stocks from last year?

2023 was a bad one for the banks. Bank runs. Contagion. Balance sheet problems. Government bailouts… 

“You can’t own these stocks!”

From the Desk of Steve Strazza @Sstrazza

We love our bottoms-up scans here at All Star Charts. We tend to get really creative when making new universes as we want to be sure they will deliver us the best opportunities the market has to offer.

However, when it comes to this one, it couldn't be any simpler!

With the goal of finding more bullish setups, we have decided to expand one of our favorite scans and broaden our regular coverage of the largest US stocks.

Welcome to The Junior Hall of Famers.

This scan is composed of the next 150 largest stocks by market cap, those that come after the top 150 and are thus covered by the Hall of Famers universe. Many of these names will someday graduate and join our original Hall Of Famers list. The idea here is to catch these big trends as early on as possible.

There is no need to overcomplicate things. Market cap is a quality filter at the end of the day. It only grows if price is rising. That's good enough for us.

With stock market investors looking every which way at different market-moving headlines today, let's take a step back and talk about what's really important.

We just got monthly candles. It's time to zoom out. 

And when we do, is there a chart more important than the US Dollar Index $DXY right now?

The dollar has had a very strong inverse correlation with stocks and other risk assets for several years now.

Equities have done well for the past two years while the dollar has been rangebound. 

Just imagine how they'll do if DXY breaks down from its current range:

From the Desk of Steve Strazza @Sstrazza

Welcome to The 2 to 100 Club.

In this scan, we look to identify the strongest growth stocks as they climb the market-cap ladder from small- to mid- to large- and, ultimately, to mega cap status (over $200B).

Once they graduate from small-cap to mid-cap status (over $2B), they come on our radar. Likewise, when they surpass the roughly $30B mark, they roll off our list.

But the scan doesn't just end there.

We only want to look at the strongest growth industries in the market, as that is typically where these potential 50-baggers come from.

With stock market investors looking every which way at different market-moving headlines today, let's take a step back and talk about what's really important.

We just got monthly candles. It's time to zoom out. 

And when we do, is there a chart more important than the US Dollar Index $DXY right now?

The dollar has had a very strong inverse correlation with stocks and other risk assets for several years now.

Equities have done well for the past two years while the dollar has been rangebound. 

Just imagine how they'll do if DXY breaks down from its current range:

I'm headed to the beach today.

It's been a rainy and windy week in the Florida Keys so we've been all couped up inside.

Now that the Hurricane Helene storm system has played its course, we're due for some beautiful weather.

I woke up this morning and I checked the forecast.

It said the sun will be shining.

Another thing I typically do from bed each morning is check my crypto accounts and watchlists. 

When I did, I noticed the SOL is shining too.

Solana has rallied about 20% since the middle of last week.

When it comes to the overall crypto market, Solana is as important as anything.

It is the 4th largest token with a market cap of about $74B. For context, if Solana was in the S&P 500, it would carry a larger weight than large cap stocks like Target, Crowdstrike, and FedEx. It's a big deal.

But more importantly, Solana is the secular leader when it comes to crypto. 

It tends to move first, and tip off the rest of the asset class, and it tends to outperform during bull cycles.

When it comes to our short-squeeze universe, the best trades tend to come from the junkiest stocks. 

In late 2022, we went dumpster diving for the most beat-up and heavily shorted stocks in the market and had some big winners. We were at the depths of the bear cycle, and the charts looked terrible. They were supposed to be zeros, but they weren't.

Just look at how Carvana $CVNA has performed since we were buying it at 8.25 almost 2-years ago.

Another junky group that has been working recently is the Marine Shipper industry.

Our custom Marine Shipping Index is on the verge of reclaiming the 61.8% retracement of its prior drawdown: